South Indian Bank Gains on Q4, FY 18 Results

Private sector South Indian Bank (SIB) gained on Monday on Q4 and FY18 results with the scrip hitting a high of 27.40 before closing 3.52% higher at Rs 26.45.

Net profit for Q4FY18 was Rs 114.10 cr as against Rs 75.54 cr previous year representing an annualised growth of 51.05%. Total income for the quarter under review stood at Rs 1767.65 cr as compared to Rs 1608.42 cr during the period ended March 31, 2017 representing a growth of 9.90%. The company has reported EPS of Rs 0.63 as compared to Rs 0.50 the previous year.

Total income for FY 18 grew 7.1.% to Rs 7030 cr while net profit fell 14.67 % to Rs 334.89 cr. The SIB director board recommended a dividend of Rs 0.40 per equity share of face value for FY18.

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